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U.K. Inflation Hits Fresh Three-Decade High, Squeezing Household Budgets
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The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of Ukraine, driving a decline in real incomes that is forecast to be the most severe since the mid-1950s.
Consumer prices were 7% higher in March than a year earlier, a pickup from the 6.2% rate of inflation in February, and the highest since March 1992, the Office for National Statistics said Wednesday.
Read more on wsj.comAbout this in other media
Russian Gas Cutoff Symbolizes New Era of Supply Shocks and Inflation wsj.com /2 years ago
World Bank Projects Elevated Energy, Food Prices, Keeping Upward Pressure on Inflation wsj.com /2 years ago
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